Hibbett Sports (HIBB) is Resumed by Stifel to Hold

Hibbett Sports (HIBB) was Resumed by Stifel to “Hold”. Stifel advised their investors in a research report released on Jun 24, 2016.

Many Wall Street Analysts have commented on Hibbett Sports. MKM Partners Initiated Hibbett Sports on Apr 29, 2016 to “Neutral”, Price Target of the shares are set at $39.Hibbett Sports was Downgraded by BofA/Merrill to ” Underperform” on Apr 6, 2016. Hibbett Sports was Upgraded by Sterne Agee CRT to ” Buy” on Apr 4, 2016.

On the company’s financial health, Hibbett Sports reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 20, 2016. Analyst had a consensus of $1.20. The company had revenue of $282.10 million for the quarter, compared to analysts expectations of $285.57 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Hibbett Sports closed down -0.52 points or -1.49% at $34.49 with 1,78,714 shares getting traded on Tuesday. Post opening the session at $34.93, the shares hit an intraday low of $34.39 and an intraday high of $34.96 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 20, 2016, Cathy E Pryor (Senior VP of Operations) sold 5,000 shares at $35.18 per share price. According to the SEC, on Jun 8, 2016, Jared S Briskin (SVP – Chief Merchant) sold 2,000 shares at $34.36 per share price. On Dec 10, 2015, Alton E Yother (director) sold 5,000 shares at $31.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Hibbett Sports Inc. operates sporting goods stores in small to mid-sized markets predominantly in the South Southwest Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores. The Company’s primary retail format is Hibbett Sports an approximately 5000-square-foot store located primarily in strip centers. The Company sells merchandise of various brands such as Nike Under Armour Reebok adidas Easton and The North Face. The Company’s Hibbett Sports stores offer a range of brand name merchandise and its Sports Additions stores offer a range of fashion-based merchandise. Hibbett Team Sales Inc. a wholly owned subsidiary of the Company is a supplier of customized athletic apparel equipment and footwear primarily to school athletic programs in Alabama and parts of Georgia Florida and Mississippi.

Hibbett Sports

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